Bastosai
Long

XAUUSD - 4H - LONG

FX:XAUUSD   Gold / US-Dollar
165 0 8
As with NGAS and commodities in general, I'm pretty biased with GOLD             . My strong belief is that GOLD             should way higher considering the state of economical in developped country. However our system manages to keep it down and injecting more and more "false" money. As long as we believe in this monkey money, everything will be under control and GOLD             could mess around 1000/1500$.
Whatever, that's not the point today. On daily we have a break of TDI             under RSI 40, but GOLD             is known for powerful short reversal, so it's never a bad idea to enter a trade on a break. But NEVER enter a daily trade on a non-close candle bar!
This trade is only 4H trade, not daily!
I would love to see a rally to 1250 and it's pretty consistent with my other XAGUSD             idea.
Kommentar: Nice take off. I will probably book some profit around 1241.
Trade ist aktiv: Closed half position@1243. SL@BE and let it run to the TP.
Trade geschlossen: Ziel wurde erreicht: Closed whole position @1259. Very nice trade.
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